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Christchurch IT company is to offer New Zealanders the opportunity to share in the rapid growth of online commerce.
Search giant stacked on workers last year to keep pace with an online advertising market that's growing at the expense of newspapers and television.
Software maker blames an expanding salesforce for a pretty big miss during third-quarter software sales, does this mean a resounding boost during Q4?.
Trade Me is offloading its group-buying site Treat Me, with a management-led consortium set to take control next month for an undisclosed sum.
Telecom eked out a 3.7 percent lift in first-half underlying earnings as revenue from its mobile business propped up otherwise disappointing sales.
Rakon slashes full-year earnings forecast to USD $8-12 million, down from USD $14-16 million, due to delayed sales and thinner margins; shares drop 2.4%.
As Facebook comes under criticism for low tax payments in NZ, company stock increases by nearly US$7 a share during November.
A sluggish first half saw Rakon's six-month loss widen to USD $3.96M, with falling revenues and rising expenses. Shares dropped 4.4% to 43 cents.
Rakon to cut 60 New Zealand jobs, shifting manufacturing to China and India to cut costs and improve profits by NZD $10 million annually.
Early Facebook investor Jim Breyer has offloaded USD $81 million in stock, selling over 3.5 million shares amidst the company's recent 19% stock price rise.
French telecom equipment maker will reduce it's Indian workforce by 1,000 people as the global economy takes its toll.
Woolworths offloads its Dick Smith electronics chain to Anchorage Capital Partners for AUD $20 million, sharpening its focus on core supermarket operations.
Harbour Asset Management reduces shareholding from 9.04% to 5.15% following cuts to the company's annual earning guidance.
New Zealand sales fell 6 percent in the first half from a year-earlier result boosted by the 2011 Rugby World Cup.
An NZX adviser will pay NZD $10,000 after exploiting a client to gain Trade Me shares during its IPO, violating trading rules and market watchdog sanctions.
Two American investors have increased their interest in cloud accounting software provider Xero by a total of $82 million.
Trade me said it will meet its prospectus forecast for dividends in the second half of the year though a hoped-for economic upturn hasn't materialised.
The cloud accounting software firm expects to make more losses in its push to become a global player and may raise more cash to pay for those plans.
TeamTalk posts a record 15.9% profit rise to NZD $5.4m, driven by booming broadband operations and key contributions like the Rugby World Cup 2011.
Chorus celebrated its first profit since separating from Telecom, posting a net profit of NZD $102 million and announcing a 25.5 cent dividend for 2013.
